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close this book Developing the non-farm sector in Bangladesh
close this folder What drives growth?
View the document Gross domestic savings (GDS) (as a percentage of GDP).
View the document Gross domestic investment
View the document Foreign direct investment
View the document Public finances
View the document Human capital
View the document Health
View the document Message from indicators

What drives growth?

 

From a macroeconomic standpoint the pace at which a country grows depends on the accumulation of physical and human capital as well as advances in technology motivated by the accretion of capital in its different forms. This process can be captured by a number of variables, which, individually, have limited explanatory power but, collectively, can illuminate the question of growth in sufficient depth. These variables can be grouped according to whether they pertain to physical capital or human capital. Those that reflect the level of physical capital include: